Helpful Additional Fib Retracement Properties For ThinkOrSwim
Indicators found on these charts: https://usethinkscript.com/threads/cabe1332-commonly-used-chart-indicators-for-thinkorswim.8853/
I would like to share what has worked for me in the last 3 weeks with great results.
I had problems with entries/exits and profit-taking on trending stocks.
I had indicators to tell me to sell signals only to miss out on greater opportunities.
I trade what I see and at times indi signals aren't perfect.
I found Fib retracement a great tool to use on pullbacks and good entries.
I've added additional extension properties to Fib retracement to provide me with exit targets on a trending stock at a single plot.
Once I have my entry/exit/stop-loss price set on a stock then I just wait and watch profits.
I use the next-level price properties for stop-loss.
If the trade did not work, then I move to the next stock opportunities.
I have attached some screenshots to show samples (images do show a thousand words and support the story).
I am a believer that if you help enough people, the money will come. Good Karma. Good luck and good trading! @cabe1332
Indicators found on these charts: https://usethinkscript.com/threads/cabe1332-commonly-used-chart-indicators-for-thinkorswim.8853/
I would like to share what has worked for me in the last 3 weeks with great results.
I had problems with entries/exits and profit-taking on trending stocks.
I had indicators to tell me to sell signals only to miss out on greater opportunities.
I trade what I see and at times indi signals aren't perfect.
I found Fib retracement a great tool to use on pullbacks and good entries.
I've added additional extension properties to Fib retracement to provide me with exit targets on a trending stock at a single plot.
Once I have my entry/exit/stop-loss price set on a stock then I just wait and watch profits.
I use the next-level price properties for stop-loss.
If the trade did not work, then I move to the next stock opportunities.
I have attached some screenshots to show samples (images do show a thousand words and support the story).
I am a believer that if you help enough people, the money will come. Good Karma. Good luck and good trading! @cabe1332
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